To the maximum extent permitted by applicable law, the obligations of
Guarantor under this Guaranty shall not in any manner be affected by: (a) any
termination, amendment or modification of, or deletion from, or addition or
supplement to, or other change in the Lease or any other any of the Operative
Documents, or any other instrument or agreement applicable to any of the parties
to such agreements, or to the Aircraft or any part thereof, or any assignment,
mortgage or permitted transfer of any thereof, or of any interest therein, or
any leasing of the Aircraft, or any furnishing or acceptance of any security, or
any release of any security, for the Obligations, or the failure of any security
or the failure of any Person to perfect any interest in any collateral security;
(b) any failure, omission or delay on the part of Lessee or any other Person to
conform or comply with any term of any Operative Document; (c) any exercise or
nonexercise of any right, remedy, power or privilege under or in respect of any
Operative Document; (d) any extension of time or payment of or settlement,
compromise or subordination of, Rent or any other Obligation; (e) the exchange,
surrender, substitution or modification of any collateral security or guarantee
for any of the Obligations; (f) any failure, omission or delay on the part of
any of the Guaranty Beneficiaries to enforce, assert or exercise any right,
power or remedy conferred on it in this Guaranty, or any such failure, omission
or delay on the part of any of the Guaranty Beneficiaries in connection with any
Operative Document, or any other action on the part of the Guaranty
Beneficiaries; (g) any voluntary or involuntary bankruptcy, insolvency,